Homestore

DIY projects 'can raise value of a home'

Canny British homeowners are looking to DIY projects such as loft extensions, side extensions and garage conversions to increase the value of their properties.

A new survey conducted by Sainsbury's Home Insurance shows that the average amount to be spent per household on structural changes over the next 12 months is expected to total £22,730.

This is an increase from last year's average of £17,361 spent on large-scale DIY projects to add space to a home.

Loft extensions have remained the most popular improvement, with side extensions and garage conversions taking second and third spots ahead of rear extensions and conservatories.

"In the current housing climate, creating extra space in your home is another option for those who have maybe decided to put their plans to move on hold," said Joanne Mallon, Sainsbury's home insurance manager.

In May, a study by Halifax revealed that gaining an extra bedroom or a playroom was the most popular reason for building an extension or converting a loft.

Conservatories, the third-most popular structural change, are often constructed to be used as an additional reception room.

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